DIGITAL TRANSFORMATION AND INTERNET OF THINGS How is the Internet of Things (IoT) transforming banking 1
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In coming days wearables devices will play a primary payment option in banking Industry. IoT devices expands to include accessories like rings and clothing, financial institutions will continue to make it even easier for people to make payments.
IDEATION
INNOVATION
COLLABORATION
SOLUTION
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Wearables
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Smart Banking
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• Banking sector working hard to explore to make easier payment facilities and flexible point of sale software includes all the features of Payment which will work “Anytime and Anywhere”
• Banks giving option to customers to construct a more comprehensive picture of how, when, and where they’re spending money using network of devices.
Any time Anywhere Payment
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Now financial institution moving faster to smart banks to provide more comprehensive and convenient services to customers. If a customer walks into a branch location, their fintech device could immediately deliver their account information for faster, more personalized service.
Spend Visibility
6 Bank track devices location and pattern of payment from which customer makes frequent for their purchases .If anything they feel fishy, financial institution can easily block the fraudulent purchase.
• RFID and NFC based contactless payment technology allows transactions without requiring physical contact between the device and the terminal.
Contact less Payments
Protection of Fraud
DIGITAL TRANSFORMATION MAGIC USING TECHNOLOGIES, TOOLS AND METHODS.
MOBILE-TECH
ARTIFICIAL INTELLIGENCE
CYBER SECURITY
HYPER AUTOMATION
AR/VR
INTERNET OF THINGS
BIG DATA
DESIGN THINKING
CLOUD
WEB-TECH